The article discusses the earnings outlook for major tech companies like Microsoft, Amazon, Apple, Alphabet (Google’s parent company), and Meta (Facebook’s parent company) in 2024. It highlights that these companies are facing challenges such as slowing growth, economic headwinds, and increased competition. Microsoft is expected to benefit from its cloud computing business, but its Windows and Office products may face pressure. Amazon’s e-commerce and cloud divisions are projected to drive growth, but its advertising business could struggle. Apple’s iPhone sales may slow, but its services and wearables segments could offset this. Alphabet’s advertising revenue is likely to be impacted by economic conditions, but its cloud and AI businesses offer potential. Meta’s core advertising business is facing significant headwinds, and its metaverse investments are yet to pay off. Overall, the article suggests that while these tech giants have diverse revenue streams, they will need to navigate a challenging economic environment in 2024.
Source: https://www.businessinsider.com/big-tech-earnings-microsoft-amazon-apple-alphabet-meta-2024-10